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FedEx CEO Frederick W. Smith: Delivering Innovation

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WIRED Business Conference 2010

WIRED

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Partner:: WIRED
Location:: The Morgan Library & Museum
New York, NY
Event Date:: 06.14.10
Speakers:: Chris Anderson,; Frederick W. Smith
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Summary: Delivering Innovation: How FedEx Is Driving the Future of Transportation featuring Frederick W. Smith, Chairman & CEO, FedEx Corporation; with Chris Anderson.

Disruption happens. A technology breakthrough. A shift in consumer demand. A rise, or fall, in a critical market. Any of these can rewrite the future of a company -- or a whole industry. If you haven't faced this moment, you will soon. It's time to change the way you run your business. Now what?

How you decide to respond is what separates the leaders from the left behind. Today's smartest executives know that disruption is constant and inevitable. They've learned to absorb the shockwave that change brings, and can use that energy to transform their companies and their careers.

At the second WIRED Business Conference, presented in partnership with MDC Partners, you'll hear from industry leaders on how to respond to change, and how to use it to your advantage. Through one-on-one conversations between speakers and Wired editors and interaction with the speakers, you'll see how disruption is transforming the way smart organizations make decisions, keeping them on a steady path to growth.

Bio

Chris Anderson

Chris Anderson has served as editor in chief of WIRED since 2001. Under his leadership, the magazine has garnered nine National Magazine Awards and 19 additional nominations and has won the prestigious top prize for General Excellence three times. In 2010, AdWeek named WIRED the Magazine of the Decade. Anderson is the author of two New York Times best sellers, The Long Tail and Free: The Future of a Radical Price, both of which are based on influential articles published in WIRED. He is also a cofounder of 3D Robotics, an open source robotics company. Before joining WIRED, he was a business and technology editor at The Economist. He began his media career at the two premier science journals, Nature and Science. In 2007, Anderson was named to the Time 100, the news magazine’s annual list of the world’s most influential people.

Frederick W. Smith

Fred Smith founded FedEx, the world's first express delivery service, in 1971. Today, FedEx Corporation is a $33 billion transportation, business services, and logistics giant employing more than a quarter-million people and handling over 8 million daily shipments worldwide.

FedEx has been consistently recognized for its commitment to quality. It was the first service company to win the Malcolm Baldrige National Quality Award in 1990 and is regularly included in Fortune magazine's honors lists, including the World's Most Admired Companies and the 100 Best Companies to Work For. Smith has been named one of the world's top CEOs by Barron's and CEO of the Year by Chief Executive magazine.

Smith has served on the boards of several large corporations and charitable organizations. He is a member of the Business Roundtable, a board member for the Council on Foreign Relations, and co-chair of the Energy Security Leadership Council. He served as chairman of the US-China Business Council and is currently chairman of the French-American Business Council. A decorated Vietnam War veteran, Smith has been inducted into the Aviation Hall of Fame.

Chapters

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37 min 06 sec

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01.: FedEx Hybrid Vehicles

08 min 07 sec

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02.: Electrification of the Vehicle Fleet

04 min 37 sec

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03.: Natural Gas and Hydrogen

02 min 32 sec

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04.: The Profound Effect of the BP Oil Disaster

04 min 18 sec

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05.: Disruption of Supply Chain by Iceland Volcano

03 min 21 sec

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06.: Speculation About the Euro

02 min 18 sec

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07.: The Rise of China

04 min 29 sec

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08.: Tension Between China and the U.S.

03 min 34 sec

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09.: Possibility of Unmanned Airplanes

03 min 50 sec

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37 min 06 sec

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CEO Frederick W. Smith: FedEx's Plan to Cut Emissions

03 min 49 sec

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Frederick W. Smith, Chairman and CEO of FedEx, explains his company's plans to go green.

He approximates FedEx's goal to convert 20 percent of their fleet to electric vehicles within seven years, and says they are part of the Electrification Coalition, which aims to drastically reduce oil use nationwide.
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37 min 06 sec

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Encyclopædia Britannica Article

shipping: Transporting of goods and passengers by water. Early civilizations, which arose by waterways, depended on watercraft for transport. The Egyptians were probably the first to use seagoing vessels (c. 1500 BC); the Phoenicians, Cretans, Greeks, and Romans also all relied on waterways. In Asia, Chinese ships equipped with multiple masts and a rudder were making sea voyages by c. AD 200; from as early as the 4th century BC the Chinese also relied heavily on internal waterways to transport food to their large cities (see Grand Canal). Japan, too mountainous to rely on roads for mass transport, also relied on internal and coastal waterways for shipping from early in its history. The spice trade was a great stimulus to shipping trade; Arabians were sailing to the spice islands before the Christian era and European merchant marines grew up largely because of it. The tea trade had a similar effect, as did the discovery of gold in the New World. From the 17th to the 19th century, the slave trade was a major feature of Atlantic shipping. The U.S. and England were the ascendant shipping nations in the 19th century; Germany, Norway, Japan, The Netherlands, and France joined them in the early 20th century, with Greece dominating the industry by the century's end. Transoceanic shipping remains a vital part of the world economy. Many U.S. merchant ships are registered in a third nation to avoid heavy taxes. See also British East India Co.; Dutch East India Co.; French East India Co.; shipping on britannica.com

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CP_Murphy

Posted: 06.15.10, 12:00 PM

FedEx and Fred Smith have been out leading the industry to cleaner fuel alternatives since 2000 with the introduction of its first hybrid delivery truck in 2003 (see http://news.van.fedex.com/2MMiles ). For more information on the Electrication Coalition, read more at http://www.electrificationcoalition.org/ . Great job FedEx!